Course ID: GC-IDR05

Understanding the Cost Accounting Standards (Part 5)

We will remove any misunderstandings as to the purpose of the Cost Accounting Standards (CAS). The CAS is designed for uniformity, consistency to be allocated to the appropriate intermediate or final cost objectives within an entity’s cost accounting period. We will discuss the minimum thresholds that require CAS coverage and when / when not it applies to Government Contractors.

LEARNING OBJECTIVES

Understand the difference between modified CAS and full CAS coverage per their thresholds

Discuss how modified CAS or full CAS impacts a contract and a business unit